The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

Egypt has tested a new 10 km section near the Suez Canal's southern end, aiming to increase the canal's capacity. Despite ...

Following the 2021 grounding of a container ship that blocked the waterway, Egypt accelerated plans to extend the second ...

Egypt, grappling with high inflation and shortages of foreign currency, agreed to the expanded IMF program in March. A sharp decline in Suez Canal revenue caused by regional tensions over the last ...

Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than ...

CAIRO, Dec. 26 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according to ...

Egypt said on Saturday it had successfully tested a new 10km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants ...

Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the key waterway's capacity. Two ships used the ...